Lloyds Groundhog Day as further 1,200 job losses are
announced
16 July 2009
Unite, the UK’s largest union, has accused the
Lloyds Banking Group (LBG) of betraying the taxpayer as it
announces that another 1,200 staff are to be cut.
The union is calling for a freeze in the expansion of the work done
abroad for the bank, as staff in the UK face an uncertain future
with thousands of jobs being cut each month. This news means since
the formation of LBG 8,200 finance staff have been sacked.
Unite, the UK’s largest union, has accused the
Lloyds Banking Group (LBG) of betraying the taxpayer as it
announces that another 1,200 staff are to be cut.
Rob MacGregor, Unite national officer, said:
“The 1,200 job losses announced today show the betrayal of
taxpayers’ support to maintain LBG. What is the justification for
8,200 staff to be cut in the last three months while Lloyds
continues to perform considerable work out of the country?
“We appear to have Groundhog Day where thousands of staff each week
are told that they are to lose their jobs, yet LBG remains a
state-owned bank. Unite views the weekly cull of jobs a disgraceful
approach by this taxpayer supported financial institution.
“Today staff in the IT, life and pensions and operations
departments face the reality that LBG is operating centres abroad
while they are told that their jobs are redundant.
“It is essential that these taxpayer funded institutions are
radically overhauled to ensure that the sector’s corporate
governance regime is fit for purpose. Sir David Walker’s report
represents an opportunity to restore our world class financial
services industry; we must see the government supported banks take
a lead on this seismic cultural shift.”
Ends
For more information contact: Saba Mozakka, Unite press office on:
020 7420 8916 or 07768 693 953.
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